Vipul Limited
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BSE Code:
511726
NSE Code:
VIPULLTD
Business Profile
Business Profile
Vipul (VIPUL) is primarily engaged in construction and real estate development activities mostly in Northern India. Incorporated on June 5, 1991, it got its present name on Jan. 9, 2006, and is the flagship company of the Vipul Group, which has forayed into all verticals of the real estate industry including residential, commercial, integrated townships and malls.
Emerging as one of the reputed real estate developers in the NCR region, the company has executed approximately 2.3 million sq. ft. as on March 31, 2007. Some of executed residential projects include Vipul Floors; while commercial projects cover office and retail spaces such as Vupul Square, Global Business Park, Vipul Agora, Vipul Plaza, Vipul Tech Square and Millennium Plaza.
The company has approx 1,200 acres of land on which to develop approximately 40 million sq. ft. of saleable area over next five to six years. Some ongoing and new projects like Vipul Greens, Vipul Belmonte, Tatnam Villas, Vipul Garden near Manesar in Haryana, and group housing in Bhubaneshwar would be residential projects while The Ace in Manesar is a 5-star hotel cum retail and commercial outlet. The Company is now focusing on integrated township development on various locations under the brand name Vipul World and has initiated the concept in Gurgaon, Ludhiana, Faridabad, Kolkata, and Hyderabad. It has started developing SEZs starting with Gurgaon and Nagpur.
The 13 subsidiaries comprise of nine wholly owned subsidiaries, namely Enterpreneur (Calcutta), D.N. Sons Agro, Metex Finance, Ritwiz Builders & Developers, URR Housing Construction, Pushpendra Investment, Landmark Suit, PCMJ Buildcom and Meadows Golf Villas.
The registered office is located at T-3, Anshul Towers, Sainik Vihar, Pitam Pura, New Delhi-110034.
Financials
Vipul registered a steep drop of 42.36% in net profit of Rs 127.27 million for the quarter ended December 2007 from a profit of Rs 220.8 million for the quarter ended December 2006.
Net sales rose 15.92% to Rs 779.11 million for the quarter ended December 2007 from Rs 672.11 million for the quarter ended December 2006.
Total income rose 15.87% to Rs 783.78 million for the quarter ended December 2007 from Rs 676.43 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 2.15 for the quarter ended December 2007.
Recent Developments
14-APR-09
The company has acquired the entire issued and paid-up capital of United Buildwell (P) thus incorporating it as its wholly owned subsidiary.
10-NOV-08
A forerunner in the real estate sector the company has announced today, Monday, that it had inaugurated Vipul World, a Rs 4 billion integrated township in Ludhiana.